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. >>> up next, speaker boehner tightening his grip on the rank and file republicans as the fiscal cliff approaches. we'll have straight talk on the looming deadline. deal or no deal? much more as "the cycle" rolls on. you won't find a "home rule" on every corner, a "stag provisions" down every block, or a "hugh and crye" in every town. these are the small businesses of america, and all across the nation they're getting ready for their day. hundreds of thousands of small businesses are preparing for november 24, a day to open doors, and welcome the millions of customers who will turn out to shop small. small business saturday. visit shopsmall.com and get ready. because your day is coming. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good ba
. >>> up next, speaker boehner tightening his grip on the rank and file republicans as the fiscal cliff approaches. we'll have straight talk on the looming deadline. deal or no deal? much more as "the cycle" rolls on. you won't find a "home rule" on every corner, a "stag provisions" down every block, or a "hugh and crye" in every town. these are the small businesses of america, and all across the nation they're getting ready for their day....
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i hear they are in washington, mcconnell, boehner, you name it, paul ryan, democrats, pelosi, reid, they are working today. maybe it will take tomorrow and thursday off. but they know time is of the essence. they have to do this before the christmas holiday because you don't want people thinking their taxes are going to increase during the largest spending time of the year. now let's get to steve cohen which is fascinating. i mean clearly cohen is implicated in this case with this fund manager. now, has he been charged? no. here's the deal, the fund manager, worked for him, was a major fund manager at sac capital, one of their satellite divisions that dealt directly with cohen. i can't remember his name. liz: get the name right. >> help me out. get your producing team to get his name right. here's the thing, this guy says he's innocent. the real question is steve cohen. what is the future of steve cohen? and where is he? i can tell you in a major way cohen is being eyed by the federal investigators. he's been in the news a lot. we have a very interesting conversation, a deposition he gav
i hear they are in washington, mcconnell, boehner, you name it, paul ryan, democrats, pelosi, reid, they are working today. maybe it will take tomorrow and thursday off. but they know time is of the essence. they have to do this before the christmas holiday because you don't want people thinking their taxes are going to increase during the largest spending time of the year. now let's get to steve cohen which is fascinating. i mean clearly cohen is implicated in this case with this fund manager....
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creeding to john boehner's authority, let be john boehner negotiate this deal. all speculation he will not get involved in the same level. certainly he will be briefed and make his opinions known but he's not going to try to tell john boehner you cannot get this through the conference. look at it from a broad perspective, from folks i've spoken to, eric cantor is thinking like this -- general belief and consensus is if the gop wants to get in 2014 that boehner will most likely walk away in 2016. if cantor can be a dutiful lieutenant until then he could until 2016 if the house republicans win with redistricting and the margins they have which looks possible, he could achieve his dream of becoming the first jewish speaker of the house. no reason to try to ascertain and go higher up like he did in 2011 which left a negative impression of him in a lot of folks' opinions. it's going to be interesting to see if he, in fact, does stay back and credes to boehner's authorities. from all the conversation that's what he seems to be doing. >> i love the mixed messages here.
creeding to john boehner's authority, let be john boehner negotiate this deal. all speculation he will not get involved in the same level. certainly he will be briefed and make his opinions known but he's not going to try to tell john boehner you cannot get this through the conference. look at it from a broad perspective, from folks i've spoken to, eric cantor is thinking like this -- general belief and consensus is if the gop wants to get in 2014 that boehner will most likely walk away in...
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even if you listen to boehner and harry reid, pelosi and the president, they are leaning towards getting something done. >> absolutely. i think something must be done. next quarter, we will be faced with the same old fable once again. it is one crisis after another. this was a self created crisis by republicans and autocrats. be careful what you wish for. the day of reckoning is here. connell: let's just take, as the premise of it, let's just say they have too given for whatever whatever reason and say the taxes on the top 2%, the families making $250,000 above, that those are going up. what can they demand in return that they can get from the democrats? >> we need drastic spending reductions. we have to tackle the root cause of our problems which is entitlements. once and for all, we have to tackle entitlements. we can increase taxes without increasing the rates. we can talk about capital gains, the death tax. connell: by the way, why is that better for the normal person? they may be better off if the tax rate for the top people went up. i understand both may happen. >> because of a sur
even if you listen to boehner and harry reid, pelosi and the president, they are leaning towards getting something done. >> absolutely. i think something must be done. next quarter, we will be faced with the same old fable once again. it is one crisis after another. this was a self created crisis by republicans and autocrats. be careful what you wish for. the day of reckoning is here. connell: let's just take, as the premise of it, let's just say they have too given for whatever whatever...
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what john boehner did was very, very shrewd. he said to the government, you have been silent on this. we are waiting for your recommendations. you want to make spending cuts? you are open to revenue abduction eliminations, you tell us, mr. president, what you would like. bill: boehner says they were close to doing it last time and the president lost his nerve. but both men are facing the possibility of crossing the threshold of history if they lock arms. >> there is so much uncertainty for businesses and individuals. the "wall street journal" had a report out yesterday saying there is so much uncertainty we could slip into another recession over this fiscal cliff. let's hope they can do their jobs for once. bill: you go find beckel, will you? >> it's not my turn to baby sit. we'll find him by 5:00. bill: it takes four you to baby sit him. to our viewers, have you got a question in e-mail us or on twitter @bill hemmer. this is coming up. we have dozens of house republicans formally opposing susan rice's nomination as secretary of
what john boehner did was very, very shrewd. he said to the government, you have been silent on this. we are waiting for your recommendations. you want to make spending cuts? you are open to revenue abduction eliminations, you tell us, mr. president, what you would like. bill: boehner says they were close to doing it last time and the president lost his nerve. but both men are facing the possibility of crossing the threshold of history if they lock arms. >> there is so much uncertainty...
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how much will the two sides be able to give and i think though you see in john boehner and in president obama two people who are willing to work together if they can get the wings, the fringe wings of either side to kind of get onboard and come together. >> you know, one thing i would note just as it relates -- first of all, susan rice hasn't been nominated for secretary of state. that said, if she is, the house has absolutely no role. it would be like me and you either supporting or opposing. >> 100 house republicans can oppose her but they don't have a vote. john mccain lost to president obama. he's more of an armed services guy than he is a foreign policy diplomacy guy. he called for bill clinton to go in but then was critical of hillary clinton going in. you know, i think a lot of people will say his politics are more personal than pragmatic. >> yet she is the top diplomat in the country. >> right. >> i want to talk because i can't resist 2016. i can't help myself. it's an addiction. >> why? >> you sound like my wife. chris christie hugely focused in the run up to the election after
how much will the two sides be able to give and i think though you see in john boehner and in president obama two people who are willing to work together if they can get the wings, the fringe wings of either side to kind of get onboard and come together. >> you know, one thing i would note just as it relates -- first of all, susan rice hasn't been nominated for secretary of state. that said, if she is, the house has absolutely no role. it would be like me and you either supporting or...
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we had a handshake and constructive slap on the back by boehner and obama and that's going to fade next week when they actually get into the details of what they have to come up with. there will be acrimony and disagreement. that's what i want to take advantage of when we see a rally and risk this week, i want to sell it and think next week we come back to reality. >> basically this is more of a u.s. dollar driven trade opposed to what's going on in europe. >> yeah. that's true. i also -- you can toss in there we had the downgrade of france even though s&p downgraded earlier this year and moodies did it this time. we'll see articles over the next tl three to four days and over the weekend with problems with the bailout facility when there's not enough aaa rated countries in there. you'll see more negative news out on that. >> good to speak with you. andy bush. for more currency trades, watch "money in motion." we're off this friday but back next friday. you can get your fix online. >> we are awaiting a speech from fed chairman ben bernanke later today. we'll have a preview and analysis
we had a handshake and constructive slap on the back by boehner and obama and that's going to fade next week when they actually get into the details of what they have to come up with. there will be acrimony and disagreement. that's what i want to take advantage of when we see a rally and risk this week, i want to sell it and think next week we come back to reality. >> basically this is more of a u.s. dollar driven trade opposed to what's going on in europe. >> yeah. that's true. i...
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i think it would be easier to get simpson-bowles with boehner than with president obama. i don't think he's a true believer. >> we can have that debate but we're 40 days away from going off a cliff or small hill depending on who you ask. the question is what can each side give to get us where we need to be. >> but now you are really just talking about kicking the can again. >> i'm about rising above and rising above calls for compromise. >> i think harold is prepared. >> you are a simpson-bowles guy. >> the challenge is the president has drawn a line in the sand saying i want a pound of flesh period. don't get me a number. don't say a combination of spending cuts and a combination of discretionary of entitlement cuts and some tax increases. he's saying there's only one number. there's only one number. you got to give me that number. don't give me that number, the rest doesn't work. the problem is -- >> the country voted for him whether we like it or not. i like it he was re-elected. democrats picked up two seats in the senate. >> the country voted for him and they're goin
i think it would be easier to get simpson-bowles with boehner than with president obama. i don't think he's a true believer. >> we can have that debate but we're 40 days away from going off a cliff or small hill depending on who you ask. the question is what can each side give to get us where we need to be. >> but now you are really just talking about kicking the can again. >> i'm about rising above and rising above calls for compromise. >> i think harold is prepared....
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we also reported that john boehner gave a speech to congress, but it wasn't john boehner. it was just a pair of goggles. and they didn't give a speech. someone just put them on. again, that was an error on our part. and finally, two weeks ago, we reported that mitt romney won the presidential election. it wasn't mitt romney. it was someone else. we apologize. those are tonight's retractions. moving on to other news -- oh, folks, this is big. [ laughter ] [ cheers and applause ] and finally, hillary clinton is stepping down from her position as secretary of state. while we don't know how this will affect her potential 2016 presidential bid, we do know that this is what she would look like if her face were turned upside down. >> i think the president has done an excellent job under the most difficult circumstances. [ laughs ] ♪ >> jimmy: that was night news now. stick around, we'll be right back with zooey deschanel. [ cheers and applause ] ♪ woooah, what do you got there? berry pomegranate mio. berry pomegranate what? berry pomegranate mio. do i just squirt a little? or
we also reported that john boehner gave a speech to congress, but it wasn't john boehner. it was just a pair of goggles. and they didn't give a speech. someone just put them on. again, that was an error on our part. and finally, two weeks ago, we reported that mitt romney won the presidential election. it wasn't mitt romney. it was someone else. we apologize. those are tonight's retractions. moving on to other news -- oh, folks, this is big. [ laughter ] [ cheers and applause ] and finally,...
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apparently john boehner didn't get the memo. this is "the ed show." let's get to work. >> we have seen people talk about a possible compromise. is that something that's accepted? >> no. >> democrats aren't budging. the union breaks news on my radio show. >> how will you feel if the bush tax cuts expired across the board and we started over with the obama tax cuts? >> i think that would be acceptable. >> former labor secretary robert rush and bill pascrell on the latest movement on the fight for the middle class. >> a judge orders mediation for hostess and its employees. but make no mistake, the vulture capitalists will get their cut. i'll talk twinkie. >>> plus john mccain continues to spiral out of control over benghazi. >> the chickens are now coming home to roost. >> the banks revolt against elizabeth warren. >>> and workers are threatening strikes at walmart stores across america. >> we expect our associates to do their job. >> josh ed elson has the latest on the workers versus walmart. >>> good to have you with us. thanks for watching. democratic
apparently john boehner didn't get the memo. this is "the ed show." let's get to work. >> we have seen people talk about a possible compromise. is that something that's accepted? >> no. >> democrats aren't budging. the union breaks news on my radio show. >> how will you feel if the bush tax cuts expired across the board and we started over with the obama tax cuts? >> i think that would be acceptable. >> former labor secretary robert rush and bill...
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what is boehner's intel here? >> because john boehner is smart enough to know he needs to keep paul ryan as close to him as possible. remember, you have paul ryan is part of the young guns. so they caused a little mischief the last time we tried this. this is less about having faith in paul ryan's actual ideas and more about politics. and sort of keeping his close, keeping him engaged, busy doing something so he's not out there making mischief. >> rana, it seems maybe that conservatives are coming to grips with the notion that there may be a tax increase on upper income earners e. i point you to bill crystal saying the unspeakable. let's take a listen. >> there will be a deal by december 31st. i believe republicans will yield on top rates. president obama ran twice and won two elections. he didn't raise rates in 2009. we were in the midst of horrible downturn. they were able to bargain to a deal. i don't think republicans have the lemplg or that it's worth using whatever leverage they have to maintain rates at 35%
what is boehner's intel here? >> because john boehner is smart enough to know he needs to keep paul ryan as close to him as possible. remember, you have paul ryan is part of the young guns. so they caused a little mischief the last time we tried this. this is less about having faith in paul ryan's actual ideas and more about politics. and sort of keeping his close, keeping him engaged, busy doing something so he's not out there making mischief. >> rana, it seems maybe that...
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people did not put john boehner into office to equivocate and become a democrat like. tom: you're her the republican rty has to change. >> mitt romney moves to the middle on a lot of issues and it got him a lost election. at the end of the day there are issues. there are things that are right and there are things that are wrong. president obama's tax hikes would need to crucify small businesses in this country like along with obamacare, it is a crushing blow to the ethereal spirit and the bottom line. you already see businesses maneuver and they are not going to hire more than 25 employees or work over 30 hours and this tax hike on over people who make under $50,000, the majority of those are small businesses. by the way, this is a big old news flash. 2%. 2.1% of the population makes 250. come on. tom: it is the same answer the president has given before. a lot of surveys lately, we understand, it won't fix the deficit. you think it is going to? no, but what is it for? it is because of fairness. >> that is what i want people to understand the president obama does not c
people did not put john boehner into office to equivocate and become a democrat like. tom: you're her the republican rty has to change. >> mitt romney moves to the middle on a lot of issues and it got him a lost election. at the end of the day there are issues. there are things that are right and there are things that are wrong. president obama's tax hikes would need to crucify small businesses in this country like along with obamacare, it is a crushing blow to the ethereal spirit and the...
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and that's actually very important for speaker boehner because despite the loss that paul ryan had on a national level, he still has a considerable amount of clout within the house republican conference where a lot of folks will look towards where ryan goes. if ryan votes yes, that gives them enough cover to vote yes on a deal. >> the republican house conference seems to be operating in an alternative universe because mr. ryan told abc that the president didn't have a mandate. rather, he and his house gap gop have one. he said i think the ideas we talked about, i think they're popular ideas. did the election not happen? >> when they say they're popular ideas, they believe that -- >> that the electorate dismissed them and did not vote for them. >> but they believe that the issue of the debt is still one that they're very strong on, that people do not like to have the $16 trillion debt, that their policies are the best moving forward. but, look, martin, if anything else what you are seeing here is a very smart political ploy by speaker boehner trying not to allow what happened in august
and that's actually very important for speaker boehner because despite the loss that paul ryan had on a national level, he still has a considerable amount of clout within the house republican conference where a lot of folks will look towards where ryan goes. if ryan votes yes, that gives them enough cover to vote yes on a deal. >> the republican house conference seems to be operating in an alternative universe because mr. ryan told abc that the president didn't have a mandate. rather, he...
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i mean this is boehner, paul ryan, cantor and pelosi, reid, key members there, this is like two groups, they are not briefing their conferences much. they are not going out there and telling people what they are doing. these are private negotiations. from what i understand, they are pretty active private negotiations. this is where we are right now. again, we should point out based on everything i know, no deal until after thanksgiving. and by the way, then it becomes key. this is really interesting. if you don't have a deal after thanksgiving, think about what m cos next -- think about what comes next, you have christmas holiday shopping, that's a huge time for retailers, if people think they are going to get taxed, a fiscal cliff scenario where all the tax rates go up, every single bracket goes up, right, are people going to spend money? that's a real question. liz: we have a guest coming up to talk exactly about that. we will ask him that question. >> yeah, and i think this clock really starts ticking after this week because that's when people start thinking how much money -- it's a
i mean this is boehner, paul ryan, cantor and pelosi, reid, key members there, this is like two groups, they are not briefing their conferences much. they are not going out there and telling people what they are doing. these are private negotiations. from what i understand, they are pretty active private negotiations. this is where we are right now. again, we should point out based on everything i know, no deal until after thanksgiving. and by the way, then it becomes key. this is really...
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two, house leader boehner has to get re-elected by his party in january. he's not going to put a big deal in front of that. flip side is, no deal. i don't think the president will let that happen because he doesn't want to start his second term as president the way he started the first which was in a recession. but finally, what people fail to forget -- congress needs to go home for holidays. if they go home with no deal they will be criticized by their constituents. >> there are very few working days left when congress comes back from this thanksgiving break. >> remember what happened. t.a.r.p.? they didn't approve it. went home for the holidays, got criticized, came back and approved it. >> you see some stort of stopgap that averts the immediate tax hikes an spending cuts as of january 1, and that there is then some commitment to do a broader tax reform in 2013. >> correct. >> and that might be tied to raising of the debt ceiling. might'nt it. >> i think that's the next big date, mid-february when the treasury runs out of money, the debt ceiling is hit.
two, house leader boehner has to get re-elected by his party in january. he's not going to put a big deal in front of that. flip side is, no deal. i don't think the president will let that happen because he doesn't want to start his second term as president the way he started the first which was in a recession. but finally, what people fail to forget -- congress needs to go home for holidays. if they go home with no deal they will be criticized by their constituents. >> there are very few...
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we heard a good turn from speaker boehner. we have not seen a particular plan with respect to the other issues -- the approach we believe we should take to health care and medicare is to contain cost in the overall health care system. the per-capita increase in cost in the private health care system is running higher than in the medicare system transferring costs onto individuals and not a stress the fundamental problem. move away from a fee for service system in medicare. that is the better way to go. >> the run ideas past few that have been floating around the hill raising that trigger in terms of higher taxes for those earning a million dollars a year or $500,000 per year. how will that play? how will that play in the democratic caucus? >> people will consider various options. make sure we boost job growth and make sure we put us on a path to long-term sustainable deficit reduction. the issue is what is the revenue to cut? look at the simpson-bowles plan. look at the overall framework. look at the revenue component of how t
we heard a good turn from speaker boehner. we have not seen a particular plan with respect to the other issues -- the approach we believe we should take to health care and medicare is to contain cost in the overall health care system. the per-capita increase in cost in the private health care system is running higher than in the medicare system transferring costs onto individuals and not a stress the fundamental problem. move away from a fee for service system in medicare. that is the better...
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. >> nancy pelosi hopefully by christmas and -- boehner said this. so they were all over the lot. but i think they wanted to reassure the kids. >> art, thanks so much for the guidance. we will see you tomorrow. that does it for us on "squawk on the street." let's get back to headquarters. >> carl, thanks very much. welcome to the halftime show. power hours go until the close on this monday. pretty good day it is. highs of the day right now. a gain of 163 points. s&p and nasdaq having a big day today on the back of apple. we will talk about that and much more in just a moment. here is what we are followinging on halftime today. flash point as the conflict escaltes into tes can a dashes can a lates in the middle east. top analyst says stay away from apple. a top trader says buy it. they will go head-to-head over america's most loved stocks. today's big rebound. it comes on renewed hopes in washington. will congress rise above and what does a fiscal cliff fix mean for your money? our traders today, joe terranova, john najarian, josh brown. are you buying stocks today or feeling betbe
. >> nancy pelosi hopefully by christmas and -- boehner said this. so they were all over the lot. but i think they wanted to reassure the kids. >> art, thanks so much for the guidance. we will see you tomorrow. that does it for us on "squawk on the street." let's get back to headquarters. >> carl, thanks very much. welcome to the halftime show. power hours go until the close on this monday. pretty good day it is. highs of the day right now. a gain of 163 points....
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>> this is up to john boehner. it is up to the house republicans. the tea party caucus which is talking about the tax reform and really cutting spending, they are the only people that stand between us. dagen: give it up because you will lose either way. >> i will tell you something, if the republicans can do neither of those two things, if they cannot handle either of those core principles, they have no reason of being filled key parties of america. dagen: hello. that is your headline. connell: our next guest says much of this has to do with iran. k.t. mcfarland. the stock market is off to the races. seemingly unbothered by what is going on overseas. >> this is not the typical thing. this is different. this is potentially much bigger and much worse. it is all about iran. israel school and this is to take out the 10,000 missiles that are in gaza. that are capable of reaching jerusalem and tel aviv. in six months from now, they want the option to be able to have a strike and not have to have retaliation. dagen: at what point will israel or would israe
>> this is up to john boehner. it is up to the house republicans. the tea party caucus which is talking about the tax reform and really cutting spending, they are the only people that stand between us. dagen: give it up because you will lose either way. >> i will tell you something, if the republicans can do neither of those two things, if they cannot handle either of those core principles, they have no reason of being filled key parties of america. dagen: hello. that is your...
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. >> coming up tonight at 7:00 eastern, the president and speaker boehner act like they will steer clear of the cliff. and david petraeus comes clean on benghazi, sort of. what was really going on? former pacific police commander with his fascinating theory tonight 7:00 eastern. stuart: the management at hostess, the twinkie people says the baker's union forced the company into liquidation. the union workers blame bad management. tom, who killed the twinkie? tom: the union has a responsibility tot go and get as much as they can but not kill the golden goose, but the management whether it's general motors or whether it's hostess has a responsibility to not sign contracts and make promises they can't afford. i think it was a badly managed company. stuart: interesting. interesting. next case, black friday, one of wal-mart's biggest days of the year, now wal-mart is facing an employee uprising of sorts. a group that wants to unionize is trying to lead a protest against wal-mart on black friday, big day for retailers, day after thanksgiving. >> i think they had something to do with killing tw
. >> coming up tonight at 7:00 eastern, the president and speaker boehner act like they will steer clear of the cliff. and david petraeus comes clean on benghazi, sort of. what was really going on? former pacific police commander with his fascinating theory tonight 7:00 eastern. stuart: the management at hostess, the twinkie people says the baker's union forced the company into liquidation. the union workers blame bad management. tom, who killed the twinkie? tom: the union has a...
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. >> stephanie: i think dictionary.com backs me up on john boehner. >> there are pronunciations i've had to look up. i don't know everything off the top of my head. >> she knows how to pronounce myanmar. >> i know how to use the googles, too. >> stephanie: all right. here she is with all of her fancy, highfalutin words. >> paul ryan lost on the national ticket but won back his seat in congress. he will be back at the table of negotiations continuing over tax increases and spending cuts. paul ryan will continue to head up the house budget committee and john boehner expects him to help as the two parties try to come to a compromise that would stave off the fiscal cliff generate revenue and reduce the deficit. the hope is that ryan can help bring around fellow conservatives. as senator patty murray points out to the "new york times," ryan will have to be willing to listen and compromise if he's going to stick to his former budget proposals, it will be a long winter. americans just voted against paul's vision for our nation. paul ryan's vision for our nation. house minority leader nancy
. >> stephanie: i think dictionary.com backs me up on john boehner. >> there are pronunciations i've had to look up. i don't know everything off the top of my head. >> she knows how to pronounce myanmar. >> i know how to use the googles, too. >> stephanie: all right. here she is with all of her fancy, highfalutin words. >> paul ryan lost on the national ticket but won back his seat in congress. he will be back at the table of negotiations continuing over tax...
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john boehner was just down there at the white house on friday, it's the beginning. we want to show him if he wants to gain revenues we are more than willing to talk about closing and limiting loopholes. bill: which loophole would you close? >> we'll sit down and lay them all on the table. there are a lot of ways you can go through. we have to have reforms. what you need to do too, the structural change. you have to have structural change otherwise you're going to continue to this trillion dollar deficits sthao based on your experience in working with president obama is he willing to go for significant tax reform, change the whole problem? that would be historical. >> we will not get out of this mess without growing this economy, and the only way to do that is to have structural reform and tax reform. this isn't something that republicans have sat back on. we have passed legislation already that sets up the framework to have tax ry reform. we've passed it to take away the sequestration that he says in the debate will not happen. bee have already passed that in the ho
john boehner was just down there at the white house on friday, it's the beginning. we want to show him if he wants to gain revenues we are more than willing to talk about closing and limiting loopholes. bill: which loophole would you close? >> we'll sit down and lay them all on the table. there are a lot of ways you can go through. we have to have reforms. what you need to do too, the structural change. you have to have structural change otherwise you're going to continue to this trillion...
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you see what nancy pelosi said, what john boehner has been saying. then you go back to the president's press conference taking a pretty tough decisive tone on susan rice and then you look at what's happening and also his position on the tax increases. take all of that together, it looks like more of the same. do you sense and from your reporting are we just having people circle each other or are their feet in stone? >> i think there's still some areas where people can get to the right place. the two things i keep thinking about is the business community, i think, what steve says is exactly right. it seems like from the outside, what they want more than anything is certainty. it's not just moment to moment. it's minute to minute. it's crisis to crisis. and that is an atmosphere that's not conclusive towards optimal economic activity. this notion of trying to get to long-term stability but not having short-term austerity measures would be too depressed on consumer activity seems like where we need to end up and a lot of pressure from republicans to the
you see what nancy pelosi said, what john boehner has been saying. then you go back to the president's press conference taking a pretty tough decisive tone on susan rice and then you look at what's happening and also his position on the tax increases. take all of that together, it looks like more of the same. do you sense and from your reporting are we just having people circle each other or are their feet in stone? >> i think there's still some areas where people can get to the right...
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john boehner is asking to outline a plan and get fellow republicans on board. ryan will likely be under the most pressure to back away from his conservative politics. his run for vp no doubt brought him some new-found respect and political clout amongst his colleagues. they say they will confident they will be able to reach some sort of a deal by the engineer of the deal, they need to be at an impasse when it comes to taxes. they said any deal to reduce the deficit should come through pro-gross reforms. that means things like lowers rates, and closing loopholes. >> just to close loopholes is far too little money, and they have said they weren't it to be revenue neutral. the president has been very clear, that the higher-income people have to pay their fair share. >> that means no deal from the democrats if republicans will not agree to raise taxes on the wealthy, but pelosi says she is optimistic. more john coming up after the break. stay with us. ♪ created ad message for little caesars who proudly salutes unites states veterans everywhere. >> hi, i'm rick lo
john boehner is asking to outline a plan and get fellow republicans on board. ryan will likely be under the most pressure to back away from his conservative politics. his run for vp no doubt brought him some new-found respect and political clout amongst his colleagues. they say they will confident they will be able to reach some sort of a deal by the engineer of the deal, they need to be at an impasse when it comes to taxes. they said any deal to reduce the deficit should come through pro-gross...
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at 1.6 and we're talking about four total so that's 2.4 to 1.6 would be 1.5 to 1, when he was with boehner, 800, wanted another 4. >> you were in the room so you know. >> first of all, since we talk about bowles-simpson so much, bowles-simpson has a 1:1 ratio. >> it doesn't. >> i thought it's 1:4. >> it's 1:3. >> in the way the bowles-simpson frame was put out something people didn't realize was that in terms of the revenue number they weren't counting the expiration of the high income tax cuts which they proposed to get rid of. apples to apples, in terms of the way people are currently adding up their math, it's approximately a 1:1 ratio. >> erskine bowles said you should look at 3:1 in terms of spending cuts to revenue. >> i'm just saying what was in bowles-simpson. >> let's not forget about growth, we need to stimulate growth and a lot of it on the innovation side. >> david thank you, appreciate it i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again i
at 1.6 and we're talking about four total so that's 2.4 to 1.6 would be 1.5 to 1, when he was with boehner, 800, wanted another 4. >> you were in the room so you know. >> first of all, since we talk about bowles-simpson so much, bowles-simpson has a 1:1 ratio. >> it doesn't. >> i thought it's 1:4. >> it's 1:3. >> in the way the bowles-simpson frame was put out something people didn't realize was that in terms of the revenue number they weren't counting the...
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vulnerability updates for microsoft if you are using a pc that are addressing boehner build is they discovered every couple days. they easily --vulnerabilities they discovered every couple days and patched up. it is very important you keep your start -- software and hardware up to current configuration c do not have any vulnerabilities. almost all of those agencies are reporting they are not doing that. segregation of duties -- this may not be the most important. this is the fox guarding the hen house. you have secured personnel responsible for security management. those should be different people than the people who have just general system administration functions. in general when you get into a very trusted organization many times this person could be one and the same. then you have contingency planning or disaster recovery. this deals with if something does happen, and a natural disaster or a man-made disaster or an attack, can you get back up if your system crashes? you have redundancy behind it? is it running in parallel with your current system, a hot backup so it ultimately goes over -
vulnerability updates for microsoft if you are using a pc that are addressing boehner build is they discovered every couple days. they easily --vulnerabilities they discovered every couple days and patched up. it is very important you keep your start -- software and hardware up to current configuration c do not have any vulnerabilities. almost all of those agencies are reporting they are not doing that. segregation of duties -- this may not be the most important. this is the fox guarding the...
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before hand, speaker boehner had a hard time getting some of his more conservative members to buy in to certain concrete hiatt -- compromises. going forward, we will have to see if the tea party conservatives will seem to have the same support. the president now has the upper hand and when he talks to speaker boehner he will have to take that message back and he gets a little bit more behind him. >> week and a shop with a meeting between the leaders and the white house. what is the dynamic? >> it will be very interesting to see. hopefully we will hear from them exactly what their conversation was with the president. it is unlikely that we're going to see a detailed agreement on specific issues. are we going to hear about tax breaks or how entitlement reform is going to happen in the deal? on not sure. these figures are going to be out there. they're all going to be scrambling to set the tone in the way that they want to set it. of they will have discussions like the democratic leaders also say let these are the areas where we made clear to republican leaders where we are not going to
before hand, speaker boehner had a hard time getting some of his more conservative members to buy in to certain concrete hiatt -- compromises. going forward, we will have to see if the tea party conservatives will seem to have the same support. the president now has the upper hand and when he talks to speaker boehner he will have to take that message back and he gets a little bit more behind him. >> week and a shop with a meeting between the leaders and the white house. what is the...
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you know, when john boehner appears, they say are you willing to accept higher rates. no one says what are you going to do about entitlements or anything, there's no question of the president whether he will compromise and what that would look like. >> paul: steve, what do you think the republicans ought to do here? is there a way out for them or are they going to be pushed back into a corner where they have no choice, but to concede that they have to raise tax rates or else go over the cliff and get blamed for that? >> well, it's a tough situation for them. there's no question about it because as you know, the default position, if we don't do anything is for the taxes to go up on everybody on january 1st, and that's something i think both sides want to avoid. it's very interesting, the thing that happened this week to start the week, was who was the first person that barack obama met with in the white house since his election, the labor unions, the labor block, that tells a lot who is driving policy at least at the start of the second term? and the labor unions basica
you know, when john boehner appears, they say are you willing to accept higher rates. no one says what are you going to do about entitlements or anything, there's no question of the president whether he will compromise and what that would look like. >> paul: steve, what do you think the republicans ought to do here? is there a way out for them or are they going to be pushed back into a corner where they have no choice, but to concede that they have to raise tax rates or else go over the...
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i think both the president and speaker boehner have indicated they're willing to give that a shot. >> thank you, gentlemen. good to see both of you and thanks for your work on behalf of the american people. congressman steve nortorette of ohio and congressman john ridgelle from virginia. >>> well, it could still push this economy over the edge. what president obama can do in his second term, next. is, nyquil doesn't unstuff your nose. what? [ male announcer ] it doesn't have a decongestant. no way. [ male announcer ] sorry. alka-seltzer plus fights your worst cold symptoms plus has a fast acting decongestant to relieve your stuffy nose. [ sighs ] thanks! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh what a relief it is! ♪ [ male announcer ] to learn more about the cold truth and save $1 visit alka-seltzer on facebook. we have so much technology in our store to really show the customers what's going on with their bodies. now you can feel what happens as we raise your sleep number setting and allow the bed to contour to your ind
i think both the president and speaker boehner have indicated they're willing to give that a shot. >> thank you, gentlemen. good to see both of you and thanks for your work on behalf of the american people. congressman steve nortorette of ohio and congressman john ridgelle from virginia. >>> well, it could still push this economy over the edge. what president obama can do in his second term, next. is, nyquil doesn't unstuff your nose. what? [ male announcer ] it doesn't have a...
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john boehner is serious about doing something. it will not work if the president does not lead. the president has to set the course. you saw that in the legislation i was part of. the big question will be whether this president stepped up and leads. >> on the one hand, you use the word opportunity. you see that ceos are saying they are investing in hiring. there are remarkably more worried in europe and some of these other problems we're talking about. >> look at this. this is a more imminent. it tells me there is an opportunity. the primary barrier to getting a grand bargain has been an opposition to any revenues in the deal. the reason why there are not specific papers you can read and see what was the dl is precisely because thing started showing up and bob woodward's book. each side feels they did not want to write down i read you this and you offer me this. it was totally understood. people have been doing deals with the congress and the executive for 225 years. few other people have figured out how to do it. i would not pick the president diminishing his value. that does n
john boehner is serious about doing something. it will not work if the president does not lead. the president has to set the course. you saw that in the legislation i was part of. the big question will be whether this president stepped up and leads. >> on the one hand, you use the word opportunity. you see that ceos are saying they are investing in hiring. there are remarkably more worried in europe and some of these other problems we're talking about. >> look at this. this is a...
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. >> chris: president obama and speaker boehner sounding up beat friday about prospects for cutting a deal to avoid the fiscal cliff and we're back now with the panel. so, after the president and congressional leaders met at the white house, on friday, the rhetoric was reassuring, the question is, is it real? do you get any sense, bob and this is the subject of your new book, that they really do see, are beginning to see a path to a compromise or are they trying to reassure nervous consumers before the christmas holidays and, investors because the stock market is done a thousand points. >> everyone is nervous about this. this is the last chance and the next six weeks could be six weeks that shook the united states if they don't fix this. there clearly is a new mood but the way they'll solve this, is kind of hostage exchange, in other words, the republicans are determined not to let tax rates go up and the president is determined or is determined to get more revenue and, it is possible to do this and the president is going along, it seems, with it some idea of entitlement reform, that
. >> chris: president obama and speaker boehner sounding up beat friday about prospects for cutting a deal to avoid the fiscal cliff and we're back now with the panel. so, after the president and congressional leaders met at the white house, on friday, the rhetoric was reassuring, the question is, is it real? do you get any sense, bob and this is the subject of your new book, that they really do see, are beginning to see a path to a compromise or are they trying to reassure nervous...
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that indicates some willingness to negotiate on things including entitlements and use of speaker john boehner say he does not want to raise tax rates but he is open to additional revenues. that is the sights and sounds of leaders beginning to show some flexibility. >> we heard a number of republican governors at the rga in last vegas this week set -- suggests that republican members of congress may have to be open to tax increases for the wealthy. there is there a reasonable deal that can be made? guest: many republicans have signaled a willingness to look at new revenues on the table. many of those have been ambiguous as to exactly what form that would take. some of that discussion has focused on whether there should be an increase in the rate for so-called wealthy americans. others have talked more about getting additional revenues through capping deduction exemptions, credits, exclusions and the like. it is not clear what form this additional revenue will take but it is noteworthy that some republicans and even some significant conservative commentators have said yes, some additional reven
that indicates some willingness to negotiate on things including entitlements and use of speaker john boehner say he does not want to raise tax rates but he is open to additional revenues. that is the sights and sounds of leaders beginning to show some flexibility. >> we heard a number of republican governors at the rga in last vegas this week set -- suggests that republican members of congress may have to be open to tax increases for the wealthy. there is there a reasonable deal that can...
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john boehner wants the congress to be seated, put a down payment on then a major tax reform in january, february, maybe march. >> i hadn't thought about that. paid it out in payments before it was approved. great to see you, bob. thank you very much. >> thanks. >>> the brand-new reaction this morning to the attacks in libya and benghazi after a week of testimony on capitol hill. in an interview today chris wallace sat down with key u.s. senators on the homeland security and intelligence committees. >> also listen to this. [ sirens] . >> this day, the violence intensifying in the middle east. israel threatening to escalate its forces. it's using the iron dome missile defense system intercepting one rocket aimed at tel aviv this morning. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and my daughter loves the santa. oh, ah sir. that is a customer. let's not tell mom. [ male announcer ] break from the holiday stress. fedex office. [ male announcer ] break from the holiday stress. seems they haven't been moving much lately. but things are startin
john boehner wants the congress to be seated, put a down payment on then a major tax reform in january, february, maybe march. >> i hadn't thought about that. paid it out in payments before it was approved. great to see you, bob. thank you very much. >> thanks. >>> the brand-new reaction this morning to the attacks in libya and benghazi after a week of testimony on capitol hill. in an interview today chris wallace sat down with key u.s. senators on the homeland security and...
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boehner. is it any different, or is this just about, i don't know, smoke and mirrors? >> well, i think the atmosphere is certainly different as you mentioned. in the past, these guys would go back to capitol hill and put out competing statements about what went on during the meetings. you saw what happened last year during the debt ceiling negotiations. this time it was one big happy family. there certainly seems to be some sort of recognition on the part of how fed up american people with sort of the seeing this game of chicken being played at such a high stakes time. i think there is certainly, after this election, there is kind of a let's get down to business. let's see if we can get this thing done. whether that can translate -- david just said, the biggest sticking point, taxes on the wealthy is still on the table. you can sing happy birthday to john boehner as much as you want. gwen: he would still say no. >> absolutely. i think it's really premature to try to predict what is going to ha
boehner. is it any different, or is this just about, i don't know, smoke and mirrors? >> well, i think the atmosphere is certainly different as you mentioned. in the past, these guys would go back to capitol hill and put out competing statements about what went on during the meetings. you saw what happened last year during the debt ceiling negotiations. this time it was one big happy family. there certainly seems to be some sort of recognition on the part of how fed up american people...
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they are the ones doing the public posturing for him. >> i think also that john boehner does not have a strong hand. he has got a caucus that has dug in its heels on any kind of compromise. i saw this picture of john boehner, this cartoon character, holding a football and saying to president obama "trust me." >> there was an election on november 6 and the democrats did not do that badly. who is here? >> everybody has got to give. >> it really is true. you cannot tax your way out of this debt, you cannot slash expenses and get out of this in debt. you have got to do both. >> somewhat gradually. >> the president seems to be offering a two-for-one deal -- for every $1 of tax increase, he will cut expenses by $2. simpson-bowles wanted a one-to-3 ratio. the republicans want zero. >> but they have the business community that does not want us to go for the cliff -- >> if you use a different language, are there republicans amenable to an increase in taxes -- >> use the word "revenue." >> nancy pelosi took the position, a good negotiating position, that it ought to be $1 million to hundred $50
they are the ones doing the public posturing for him. >> i think also that john boehner does not have a strong hand. he has got a caucus that has dug in its heels on any kind of compromise. i saw this picture of john boehner, this cartoon character, holding a football and saying to president obama "trust me." >> there was an election on november 6 and the democrats did not do that badly. who is here? >> everybody has got to give. >> it really is true. you...
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the reason is you look at what boehner said. boehner was for a deal last year. we have to figure out what does eric cantor think, what does michele bachmann think, what does rand paul think? john bainer is the leader of the republican party in name, but he often is not leading them in policy. unless we know obama $1 trillion in tax increases, i'm not sure that rush limbaugh is for that right now. until we know that other conservatives outside of john boehner support that idea, it's hard to see where the compromise is. so i think i'm not optimistic either about where we are right now. >> just to jump in, i would echo that. sometimes we analyze these guys like boehner is the ceo. and that may be the case, but he has a board of directors. he's got other stakeholders to deal with. and we've got to see some movement from them if that bipartisanship that you were talking about in the beginning, mara, if that's going to go anywhere. >> i'm sorry, go ahead. >> i would just point out there was real skepticism about whether boehner could deliver a deal with the debt ceili
the reason is you look at what boehner said. boehner was for a deal last year. we have to figure out what does eric cantor think, what does michele bachmann think, what does rand paul think? john bainer is the leader of the republican party in name, but he often is not leading them in policy. unless we know obama $1 trillion in tax increases, i'm not sure that rush limbaugh is for that right now. until we know that other conservatives outside of john boehner support that idea, it's hard to see...
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boehner has indicated he's putting revenues on the table. that makes it possible for us to begin the very difficult discussion about what revenues and how do you get them and what cuts and how do you make them. so we have a lot of work to do. at least the framework is some greater possibility for a positive outcome. >> last time around, republicans insisted that any new increases in revenue must be off-set by a lowering of tax rates. are you encouraged by the gop's apparent new willingness to accept a more balanced approach? >> i'm very much encouraged by it. that is what made it impossible for us to even have discussions at all up until the election results came in. as you know, president obama ran on a very explicit platform of restoring the clinton area tax rates for folks above $250,000. romney explicitly ran against that. exit polls showed half the folks who voted for romney in fact supported the obama position on taxes. the other thing that's important to keep in mind, we -- our congress actually has made a trillion and a half dollars
boehner has indicated he's putting revenues on the table. that makes it possible for us to begin the very difficult discussion about what revenues and how do you get them and what cuts and how do you make them. so we have a lot of work to do. at least the framework is some greater possibility for a positive outcome. >> last time around, republicans insisted that any new increases in revenue must be off-set by a lowering of tax rates. are you encouraged by the gop's apparent new...
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so boehner's going to ask for cuts to go along with debt ceiling increases as well. so this is a multi-headed beast if you will, an hydra that's waiting to be solved. it they don't have a lot of time. i think we're down to 12 or 13 legislative days before the end of the year. so there you go. let's -- a grand bargain in that short of time probably isn't going to take place. i think we can expect them to punt on pretty much all these things. >> can i ask you guys quickly about the testimony of former cia director general david petraeus as he appeared this week, yesterday. with regard to the testimony he talked about the benghazi attack. the answers he gave did not seem so sit well with the gop. but each side spinning exactly what he said to suit their interpretations. should the gop, though, lay to rest all of their complaints at this point? reid, you first. >> i don't think they're going to lay anything to rest. >> but should they based on what he said? this is the guy who was in charge. >> and i think that there are probably more things that peter king and the repub
so boehner's going to ask for cuts to go along with debt ceiling increases as well. so this is a multi-headed beast if you will, an hydra that's waiting to be solved. it they don't have a lot of time. i think we're down to 12 or 13 legislative days before the end of the year. so there you go. let's -- a grand bargain in that short of time probably isn't going to take place. i think we can expect them to punt on pretty much all these things. >> can i ask you guys quickly about the...